Summary
PhysicsX, a leading physics AI company focused on industrial applications, has successfully closed an oversubscribed Series C funding round, raising £225 million (US$300 million) to further develop and deploy its AI-native engineering platform. The investment aims to accelerate hardware innovation and boost manufacturing productivity across critical industrial sectors.
Summary of transaction details:
- Value: £225 million (US$300 million)
- Sector: DeepTech & AI, targeting industrial engineering applications.
- Advisor: Not disclosed.
- Key Entities: PhysicsX (Target Company), Temasek (Lead Investor), M&G Investments, Intrepid Growth Partners, Applied Materials, Atomico, General Catalyst, July Fund, NGP, NVIDIA, Radius, Siemens (Participating Investors).
Note: This funding round will enable PhysicsX to expand its capabilities in developing large physics models, empowering engineers and machine operators to overcome traditional constraints in hardware innovation and accelerating product development in high-pressure industrial environments.
Lead Investor / Acquirer
Temasek
Advising Broker
Undisclosed Firm
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Original Source
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